Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "spinoff: Dave Ramsey and second houses"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I wonder what Dave Ramsey would say about the fact that we kept our townhouse that we bought at the height of the market because it plummeted in value and we're still hoping it will appreciate. It's worth 300K and bought it for 340K. We rent it out and lose 200 a month but we are getting the principle paid down by a very responsible long term renter and we get the tax benefit of the 15 year mortgage interest deduction plus any repairs. That said, we still have other debt- credit card debt due to unexpected medical expenses (20k), 25K on a used car loan and 25K of student debt (8 years to go to pay off.) Would he say (or would you say) that we should sell the townhouse at the loss and pay off the debts? I'm guessing he would but I wonder if that really makes sense from a tax perspective. I guess I need to get an accountant. We're hoping the proximity to the purple line will make us rich (just kidding, sort of.) [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
